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    CGG launches US$500 million notes offering

    Company News // April 29, 2014

    CGG has launched an offering of Senior Notes due 2022 in an aggregate principal amount of approximately US$500 million by way of a private placement in the international capital markets.

    The company intends to use the net proceeds from the offering to redeem all of the US$225 million outstanding principal amount of its 9.5% Senior Notes due 2016 and will use the remaining net proceeds to redeem a portion of the US$400 million outstanding principal amount of its 7.75% Senior Notes due 2017.

     

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